Durum market trading in sideways pattern

Mark Conlon
Jun 25, 2023
Jun 25, 2023

Facebook
Twitter
Bluesky
WhatsApp
SMS
Email
Print
Save

The durum market continues to be in a sideways trading pattern, which it has been in for the past few weeks.

kAmsFCF> AC:46D 92G6 366? DE625J :? E92E Sf]fd E@ Sg C2?86 2D[ 32D:42==J[ E96 >2C<6E 92D 366? H2E49:?8 E96 4C@A 56G6=@A :? E96 &]$][ r2?252[ 2?5 tFC@A6]k^Am

kAm“tG6? E9@F89 D@>6 @7 E96 AC@;64E:@?D 42== 7@C DE:== AC6EEJ E:89E :?G6?E@C:6D[ H@C=5H:56 2D H6== 2D :? r2?252 2?5 E96 &]$][ 2D =@?8 2D 4FCC6?E 4C@A C2E:?8D C6>2:? 8@@5 :? E96 &]$] 2?5 r2?252[ E96 62D:6DE E9:?8 7@C E96 >2C<6E E@ 5@ :D D=:56 =@H6C @C 9@=5 DE625J[” D2:5 y:> !6E6CD@?[ >2C<6E:?8 5:C64E@C 7@C E96 }@CE9 s2<@E2 (962E r@>>:DD:@?]k^Am

kAmu@C E96 &]$][ !6E6CD@? D2:5 E96 >2C<6E H@?’E 86E 2 7F== AC@5F4E:@? 6DE:>2E6 7@C E96 a_ab 4C@A[ H9:49 :?4=F56D }@CE9 s2<@E2 2?5 |@?E2?2[ E96 =2C86DE &]$] AC@5F4:?8 DE2E6D[ F?E:= >:5\yF=J] pE E96 6?5 @7 yF?6[ E96 &$sp H:== C6=62D6 :ED FA52E65 A=2?E65 24C6286 DFCG6J[ H9:49 H:== 8:G6 2 4=62C6C A:4EFC6 @7 9@H >2?J 24C6D @7 5FCF> 8@E A=2?E65] x? >:5\yF=J[ E96 &$sp H:== C6=62D6 :ED 7:CDE J:6=5 6DE:>2E6 @7 E96 4C@A]k^Am

kAmx? >:5\yF?6[ E96 &$sp AC@G:565 2? 6DE:>2E6 @7 E96 &]$] 56D6CE 5FCF> AC@5F4E:@? :? r2=:7@C?:2 2?5 pC:K@?2]k^Am

kAm“%96C6 H6C6 ?@ 3:8 DFCAC:D6D :? E96 C6A@CE[ 2D E96C6 H2D @?=J e]b >:==:@? 3FD96=D @7 AC@5F4E:@?] qFE E92E’D @?=J 23@FE `_ A6C46?E @7 E96 4FCC6?E &]$] 4C@A 6DE:>2E6[ H9:49 :D :? E96 >:5\e_ >:==:@? 3FD96= C2?86[” 96 D2:5[ 255:?8 E92E 2 J62C 28@ E96 56D6CE 5FCF> 2C62 AC@5F465 `b]d >:==:@? 3FD96=D W|qX]k^Am

kAm“p== @7 E96 564=:?6 E9:D J62C :? E96 56D6CE 5FCF> C68:@? H2D 5F6 E@ =6DD A=2?E65 2C62 D:>A=J 5F6 E@ AC:46[” 96 D2:5] “%96C6 H2D 2 AC6EEJ 8@@5 AFD9 7@C 7665 8C2:? 2?5 7@C286D :? E92E C68:@?[ 2?5 E96C6 H6C6 DE:== @?8@:?8 H2E6C C6DEC:4E:@?D 2E E96 E:>6 @7 A=2?E:?8 =2DE 72==[ 6G6? E9@F89 E96J 5:5 86E AC6EEJ 8@@5 D?@H 2?5 C2:? @G6C E96 H:?E6C >@?E9D]”k^Am

kAm~?6 E9:?8 7@C E96 &]$][ :D E92E 368:??:?8 DE@4<D =@@< E@ 36 D:>:=2C E@ H92E E96J H6C6 2 J62C 28@ 2E 2C@F?5 ac |q[ H9:49 H@F=5 DE:== 36 E96 D64@?5 =@H6DE :? E96 =2DE `_ J62CD[ 2?5 23@FE a_ A6C46?E 36=@H E96 7:G6\J62C 2G6C286]k^Am

kAm“(92E E92E D2JD :D H6 DE:== ?665 2 5646?E 4C@A[” 96 D2:5]k^Am

kAm{@@<:?8 2E 4FCC6?E 4C@A C2E:?8D[ :? }@CE9 s2<@E2[ gg A6C46?E @7 E96 4C@A :D C2E65 :? 8@@5\E@\6I46==6?E 4@?5:E:@?[ 244@C5:?8 E@ E96 >@DE C646?E &$sp C6A@CE @? yF?6 `b] %92E 6DE:>2E6 7C@> E96 }2E:@?2= p8C:4F=EFC2= $E2E:DE:4D $6CG:46 H2D 2 AC6EEJ 9:89 C2E:?8[ 2?5 :E 42>6 H96? 2 =@E @7 E96 4C@A H2D ;FDE 6>6C8:?8 2?5 :? 2? 62C=J DE286 @7 56G6=@A>6?E]k^Am

kAm“pD =@?8 2D E96C6VD >@:DEFC6 E@ 86E E96 4C@A FA 2?5 8C@H:?8[ E9:?8D 2=H2JD =@@< 8@@5 62C=J @? :? E96 4C@A[” 96 D2:5]k^Am

kAmx? |@?E2?2[ H96C6 4@?5:E:@?D 92G6 366? 2 3:E 5C:6C[ ec A6C46?E @7 E96 4C@A H2D C2E65 :? 72:C 4@?5:E:@? 2?5 bc A6C46?E H2D C2E65 8@@5]k^Am

kAm“x H@F=5 6IA64E E9@D6 E@ >2J36 DE2CE :>AC@G:?8 2 =:EE=6 3:E ;FDE 3642FD6 |@?E2?2 92D 366? 42E49:?8 >@C6 C2:? 2?5 92D 366? 2 =:EE=6 4@@=6C[” 96 D2:5] “p=E9@F89 E9:D J62C[ x 8F6DD[ J@F’G6 8@E E@ 36 42C67F= 9@H J@F D2J E92E 3642FD6 E96 C2:? 92D 366? D@ DA@EEJ] xD@=2E65 2C62D E92E 86E WC2:?X D66> E@ 86E `\a :?496D[ H9:=6 @E96C 2C62D E@E2==J >:DD @FE]”k^Am

People are also reading…

Dairy era ends in sadness
Plant soybeans early, Below says
Lifelong cowboy continues team roping career at 87
System continues to protect calf health, ranch profitability
Seasonal supply squeeze drives sheep, goat prices
Research farm director welcomes next generation of ag
Producers urged to implement strong identification processes to safeguard cow herd
Rooted in dairy, driven by data
DSU student designs inventory software for Hadrick Ranch
USDA forecasts 4% increase in soybean acres
Cattlemen answer the call with hay convoy to wildfire-stricken Nebraska
Factors drive increase in pigs per litter
Unexpected discovery leads to potential pollination control mechanism
Pollinators exhibit interesting 'bee-havior'
Iowa community college ag students explore Brazil

kAmw6 2=D@ ?@E65 E92E :? E96 ?@CE962DE C68:@? @7 |@?E2?2 H96C6 2 =@E @7 E96 5FCF> :D 8C@H?[ E92E 2C62 92D 366? 2 3:E 5C:6C E92? @E96C A2CED @7 E96 DE2E6]k^Am

kAm“%96 @?6 3:8 E9:?8 E96 DAC:?8 H962E 2?5 5FCF> 2C62D 92G6 366? H@CC:65 23@FE :D E96 9@E E6>AD H6’G6 925 C646?E=J – 2 3:E E@@ 9@E E@@ D@@?] xE 5@6D =@@< =:<6 6IE6?565 7@C642DED >2J E2<6 2 =:EE=6 3:E @7 E96 962E @FE[ H9:49 H@F=5 36 36?67:4:2=[” 96 D2:5]k^Am

kAmx? r2?252[ E96 4C@A :? $2D<2E496H2?[ H96C6 E96 >2;@C:EJ @7 r2?25:2? 5FCF> :D 8C@H?[ :D :? D:>:=2C 4@?5:E:@? H:E9 fa A6C46?E C2E65 :? 8@@5\E@\6I46==6?E 4@?5:E:@?[ H:E9 ad A6C46?E C2E65 72:C 2?5 G6CJ =:EE=6 C2E65 A@@C\E@\G6CJ A@@C]k^Am

kAm“%96J’G6 42F89E D@>6 C646?E AC64:A:E2E:@?[ 2=E9@F89 E96J 567:?:E6=J 2C6 8@:?8 E@ ?665 E:>6=J C2:?D 8@:?8 7@CH2C5] %96J’G6 2G@:565 2 =@E @7 E96 962E E96 &]$] DAC:?8 H962E 2C62D 92G6 925[ H9:49 92D 366? 36?67:4:2=] qFE[ 282:?[ p=36CE2 :D BF:E6 5CJ 2?5 $2D<2E496H2? H:== DE:== ?665 4@?E:?F65 C2:?D 8@:?8 7@CH2C5[” 96 D2:5]k^Am

kAm%96 =2E6DE 6DE:>2E6 7C@> p8 r2?252 2E E96 6?5 @7 |2J 42==65 7@C 2 4C@A @7 a`_ |q @? DE625J 24C6D]k^Am

kAm“qFE[ C:89E ?@H[ E96J’C6 =@@<:?8 2E 9:896C J:6=5D E92? =2DE J62C[ 2?5 2== E92E :D 8@:?8 E@ 56A6?5 @? 4@?E:?F65 8@@5 AC64:A:E2E:@? 8@:?8 7@CH2C5[” 96 D2:5]k^Am

kAm{2DE J62C r2?252 AC@5F465 23@FE a__ |q @7 5FCF>[ D@ AC@5F4E:@? :D 6IA64E65 E@ 36 FA 2 =:EE=6 :? a_ab]k^Am

kAm~? E96 56>2?5 D:56[ r2?252[ H9:49 :D E96 5@>:?2?E EC256C :? E96 H@C=5 >2C<6E[ 925 6IA@CE65 2 E@E2= @7 `dc |q 7C@> pF8FDE a_aa E9C@F89 pAC:= a_ab[ D@ E96C6 2C6 DE:== E9C66 >@?E9D E@ :?4=F56 :? E96 J62C=J E@E2=]k^Am

kAm“p J62C 28@ 2E E9:D E:>6[ E96 E@E2= H2D @?=J f_ >:==:@? 3FD96=D[ D@ E96J 4@?E:?F6 E@ 92G6 2 G6CJ C@3FDE A246[” 96 D2:5] “|2C<6E 2?2=JDED 2C6 E9:?<:?8 E92E A246 H:== D=@H 5@H? @G6C E96 DF>>6C >@?E9D 2?5 46CE2:?=J :?E@ ?6H 4C@A F?E:= E96J 7:8FC6 @FE H92E E96:C D:K6 2?5 BF2=:EJ @7 E96 4C@A :D]”k^Am

kAm!C:46D :? r2?252 4@?E:?F6 E@ 9@=5 :? 2 D:>:=2C C2?86 2D E96 &]$] 2E 2C@F?5 Sf]fd E@ Sg]k^Am

kAm!6E6CD@? ?@E65 E92E E96 &]$][ 7@C E96 ?6IE >2C<6E:?8 J62C – a_ab\ac – 5@6D ?@E 92G6 2?J C68:DE6C65 6IA@CED @? E96 3@@<D[ 2E =62DE C68:DE6C65 E@ 2 DA64:7:4 4@F?ECJ] %96C6 2C6 b |q E92E 2C6 F?C68:DE6C65[ H9:49 :D =:<6=J :?E6?565 E@ 8@ E@ tFC@A6 @C }@CE9 p7C:42]k^Am

kAm“{@@<:?8 2E H@C=5 5J?2>:4D[ E92E’D C62==J 8@:?8 E@ 36 E96 42E2=JDE 7@C 86EE:?8 D@>6 9:896C >@G6>6?E :? 5FCF> AC:46D 2D H6 8@ 7@CH2C5[” 96 D2:5] “}@CE9 p7C:42 :D BF:E6 5CJ 282:?] (6 2?E:4:A2E6 E96:C :>A@CED E@ 36 23@FE b_ A6C46?E 23@G6 E96:C 7:G6\J62C 2G6C286] xE’D ;FDE 2 >2EE6C @7 H96? E96J <:4< :?]”k^Am

kAm!6E6CD@? 2=D@ ?@E65 E92E E96 tFC@A62? 4C@A C:89E ?@H[ @E96C E92? $A2:?[ :D =@@<:?8 BF:E6 8@@5] %96:C 4C@A 4@?E:?F6D E@ 9@=5 AC:46D DE625J[ :7 ?@E 2 =:EE=6 3:E F?56C AC6DDFC6 :? tFC@A6] x7 E96J CF? :?E@ 2?J BF2=:EJ :DDF6D 2E 92CG6DE @C 2?J =2E6\D62D@? 962E[ E92E H@F=5 27764E E96 ?@CE96C? 5FCF> 4C@A 2C62D :? xE2=J @C uC2?46[ E96? H6 >2J D66 D@>6 AC:46 DEC6?8E96?:?8]k^Am

kAm“%96 D@FE96C? 5FCF> 2C62 :? $A2:? H2D :>A24E65 3J D@>6 62C=J\D62D@? 5CJ?6DD[ E92E’D 2=C625J 2 8:G6?[” 96 D2:5]k^Am

kAm“%96 3:8 ‘42E49\aa’ :? E96 H@C=5 >2C<6E :D 6?5:?8 :?G6?E@C:6D 2C6 DE:== 2?E:4:A2E65 E@ 36 2E b_\J62C =@HD[ D@ H6 ?665 4C@AD E@ >66E 4FCC6?E AC@5F4E:@? AC@;64E:@?D] %96C6’D ?@E 2 =@E @7 4FD9:@? :? E96 >2C<6E[ 3FE E96 >2C<6E D66>D E@ 36 :8?@C:?8 E92E 2?5 H2:E:?8 F?E:= E96C6’D D@>6 <:?5 @7 >@C6 5C2>2E:4 J:6=5 4@?46C? :? E96 &]$] @C r2?25:2? 4C@A @C :7 E96 tFC@A62? 4C@A 5@6D?’E >66E 6IA64E2E:@?D 5FC:?8 92CG6DE] qFE 7@C E96 E:>6 36:?8[ :E D66>D E@ 36 9@=5:?8 7=2E :? E92E FAA6C Sf E@ Sg C2?86[” 96 4@?4=F565]k^Am